$600 Gold Sale? You need a tax form.

[Anonymous]

http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=11843

Looks like they are coming for your gold and you will have to fill out a tax form if you buy or sell more than $600 a year.Good luck with that.....

[1715041755]

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[1715041755]

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[1715041755]

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[1715041755]

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[Anonymous]

That sure is a lot of paperwork. Not just gold, but any bullion or coins.

Can you feel the grip tightening? 

[The Madhatter]

Incrementalism is a devious thing.

[macje6645]

Having to do all of this paperwork makes me not want to deal with this.  I would rather go with a mutual fund or something like that.  If you buy it through a good broker, they will do all of the paperwork.  You can then spend your time doing more constructive things.  Hope you do well at your gold.

[jgarzik]

Everybody hates the $600 reporting requirement, and it appears likely to be repealed:

     Senate Democrats float health tax repeal
     http://www.politico.com/news/stories/1110/45051.html

[FreeMoney]

Repealed or not, if you buy or sell from me I won't report you. I think this should make doing business with me more valuable. 

[jgarzik]

Repealed or not, if you buy or sell from me I won't report you. I think this should make doing business with me more valuable. 

Until you're caught and that forum post is used as evidence of intent, anyway...   

[FreeMoney]

Repealed or not, if you buy or sell from me I won't report you. I think this should make doing business with me more valuable. 

Until you're caught and that forum post is used as evidence of intent, anyway...   

Huh, I didn't make that post, I guess it was my brother or someone else...

I shouldn't leave this thing logged on all the time I guess.

Or maybe the whole account belongs to my husband, er, I mean wife.